Sensoro and Semtech Sponsored First MIT Internet of Things (IoT) Bootcamp, Exposing The Next-Generation Of Innovators To The Power Of Smart Devices

Sensoro, a leading sensor device and network technology company, and Semtech (Nasdaq:SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, sponsored a Massachusetts Institute of Technology (MIT) Bootcamp dedicated to the Internet of Things (IoT). The aim of the bootcamp was to expose teams of students to the potential uses of IoT by allowing them to experiment with the LoRaWAN™ protocol provided by the LoRa Alliance™.

The event had around 40 participants who were divided into small working teams to generate ideas on how to make a positive impact on communities across the world. A leading example was the development of a wireless sensor system to monitor water levels in drainage systems. The purpose of the system was to prevent natural floods in Turkey, where flash floods account for millions of dollars in damage, as well as many injuries and deaths.

The team’s solution was to utilize wireless sensors to help mitigate this problem. The team implemented a LoRaWAN network to power the water level sensors, each connecting to a LoRaWAN-enabled gateway. The LoRaWAN protocol offers unique and unequaled benefits in terms of bi-directionality, security, mobility and accurate localization that are not addressed by other LPWAN technologies. These benefits can provide the diverse use cases and business models that are expected to enable deployments of large-scale LPWAN IoT networks globally.

The data gathered on water levels then allows for alerts to be sent via email or SMS. The students also set up a traffic control scheme that green-lighted the evacuation route. This system would allow Turkey’s citizens and government the extra time needed to protect property and save lives.

“The bootcamp was a fantastic example of how IoT solutions could make an incredible impact on society,” said Vivian Li, Co-Founder, CSO of Sensoro. “In this particular case, it could save countless lives and injuries and help avoid or mitigate property damage.”

“IoT connects our world and Semtech’s LoRa® devices and wireless RF technology (LoRa Technology) can help solve real-world challenges by building a smarter planet,” said Mike Wong, Vice President for Semtech’s Wireless and Sensing Products Group. “With its rapid growth and solid foundation with LoRaWAN, LoRa Technology makes it possible to connect to the Cloud, enabling sound decisions in multiple industries, including smart cities, smart buildings, supply chain and logistics, metering, and agriculture.”

The water-level detection system developed by students is an example of the potentially life-changing impact that the IoT and LoRaWAN-based technology could achieve. “Although the potential market space for the IoT is increasingly recognized, the general conception in terms of the potential use of the IoT remains limited,” added Li. “As well as leading the way in the technological development of the IoT, Sensoro also hopes to increase the awareness of the true capabilities of this technology across all areas of society.”

About Semtech LoRa® Devices and Wireless RF Technology

Semtech’s LoRa devices and wireless RF technology (LoRa Technology) is a widely adopted long-range, low-power solution for IoT that gives telecom companies, IoT application makers and system integrators the feature set necessary to deploy low-cost, interoperable IoT networks, gateways, sensors, module products, and IoT services worldwide. IoT networks based on the LoRaWAN™ specification have been deployed in over 50 countries. To learn more about how LoRa enables IoT, visit Semtech's LoRa site and join the LoRa Community to access free training as well as an online industry catalog showcasing next-generation products.

About Sensoro

Founded in 2013 as part of the Microsoft accelerator program, Sensoro is quickly becoming a leading name in the IoT industry and recently secured $18 million dollars in Series B funding. Sensoro manufactures beacon devices that collect and send information based on proximity and wireless sensor networks that aggregate digital data from the physical world for IoT applications. Sensoro customers have deployed over 450,000 beacons in over 75 countries worldwide. The company’s headquarters lies in Seattle with offices in Beijing, Shanghai, and Shenzhen.

About Semtech

Semtech Corporation is a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for high-end consumer, enterprise computing, communications, and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the Nasdaq Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.

Forward-Looking and Cautionary Statements

All statements contained herein that are not statements of historical fact, including statements that use the words “can,” “expected to,” “could,” “makes possible,” “hopes to,” “designed to,” or other similar words or expressions, that describe Semtech Corporation’s or its management’s future plans, objectives or goals are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Semtech Corporation to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in Semtech Corporation’s annual and quarterly reports, and in other documents or reports, filed with the Securities and Exchange Commission (www.sec.gov) including, without limitation, information under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors.” Semtech Corporation assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law. Semtech, the Semtech logo, and LoRa are registered trademarks or service marks, and LoRaWAN is a trademark or service mark, of Semtech Corporation or its affiliates.
SMTC-P

Event Details May 29 - June 3, 2017 Massachusetts Institute of Technology Cambridge, MA United States Full Agenda